Business Today: Wall St. closes flat after Fed comments

	Click to View in Browser 01/3/2014 Wall St. closes flat after Fed comments NEW YORK (Reuters) - U.S. stocks ended a volatile session mostly flat on Friday as investors digested comments from Federal Reserve officials that raised questions about how quickly the central bank will end its stimulus program. Fed no less committed to stimulus after cut to QE: Bernanke PHILADELPHIA (Reuters) - The U.S. Federal Reserve is no less committed to highly accommodative policy now that it has trimmed its bond-buying stimulus, Ben Bernanke said on Friday in what could be his last speech as Fed chairman. Analysis: U.S. Treasuries seen weakening in 2014 but rout unlikely NEW YORK (Reuters) - Investors who bet heavily on Treasuries took a beating in 2013, and as the Fed winds down its bond buying, they face the risk of a second straight losing year, something that has not happened in four decades. BlackBerry sues Ryan Seacrest's company over iPhone keyboard TORONTO (Reuters) - BlackBerry Ltd said on Friday it had filed a lawsuit against a company co-founded by "American Idol" host Ryan Seacrest that offers a physical keyboard that can be attached to some of Apple Inc's touchscreen iPhone 5 models. U.S. auto sales hit 6-year high but December disappoints DETROIT (Reuters) - The U.S. auto industry raced to its best year since the boom times before 2008, but results came up short in December as consumers proved to be more focused on buying presents than new cars and trucks. Harbinger knocks Dish's bid for LightSquared's spectrum NEW YORK (Reuters) - Phil Falcone's Harbinger Capital Partners, which controls bankrupt satellite company LightSquared, has asked a judge to reject a takeover effort by Dish Network Corp, saying its $2.2 billion bid for a chunk of LightSquared's spectrum is a "Trojan horse". Macy's, Penney settlement talks have stalled: WSJ (Reuters) - Talks between Macy's Inc and J.C. Penney Co Inc to settle their dispute over home goods designed by Martha Stewart have petered out, making it more likely a judge will have to resolve the matter, the Wall Street Journal reported on Friday, citing people familiar with the matter. Pimco Total Return has record $41.1 billion outflow in 2013: Morningstar NEW YORK (Reuters) - The Pimco Total Return Fund, the world's largest bond fund, saw its assets sink by a record $41.1 billion last year after a mistaken bet on U.S. Treasuries resulted in the fund's worst annual performance in nearly two decades. AT&T tries luring T-Mobile users with $200 credit NEW YORK (Reuters) - AT&T Inc on Friday offered customers of No.4 U.S. mobile provider T-Mobile U.S. Inc a $200 credit to switch to its service, firing the first volley in what may be a price war that benefits consumers but plays havoc with profits. Detroit manager sought SEC probe of banks over interest rate swaps DETROIT (Reuters) - Detroit asked a U.S. regulator to consider bringing charges against two banks for costly interest-rate swaps that factored in the city's record-setting municipal bankruptcy case, Detroit Emergency Manager Kevyn Orr testified on Friday. Related Video Bad weather woes for Europe and U.S. Popular app Snapchat hacked Economic News Fed no less committed to stimulus after cut to QE: Bernanke Fed to weigh further cuts to bond buys amid job gains: Lacker A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend